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that, particularly if you're going to vote for obama. you begin to say to yourself, "well, it's not that bad. and he's data the best he can" i think there's a certain circ lal logic to it. my fear is i see indications that we could easily end up in a new recession. the numbers that came in on manufacturing orders, the worst since want beginning of 2009. the fact that they've readjusted the gross domestic product as you you pointed out down, to an anemic growth rate, much below the level of creating enough jobs. so i'm concerned that we're not on the right track. and frankly, when you look at education, we're clearly not on the right track. beyond partisanship-- this is not republican-democrat. it's the country which is not on the right track. and i think it's going to take very wrenching leadership over self years to get us back, getting in shape for the future. >> schieffer: rick smith, i read your book, the title "who stole american dream?" that is a provocative title. you think this theft began somewhere back in the 70s, i guess it was. but i just want to hear you say it. y
>> eric: the first presidential debate coming up in 72 hours -- obama, romney, fox, we'll be on it. >> jamie: it's the place to be. have a great day. shannon bream takes it away. >> stagnation versus growth, dependency versus opportunity and upward mobility. that's the classic choice, clear difference that we are offering. >> the three days until the first presidential debate. both candidates will be stepping off the campaign trail. get ready. it's a tight race in key battleground states and that has many republicans calling for romney go on offense, when he takes the stage on wednesday in denver. we begin america's news headquarters with carl cameron. we understand that romney is prepare for example wednesday's debate. any word on when we can expect. >> reporter: he's been preparing, arguably for seven years or more, but very, very aggressive in the last few months. he will go mind the doors and do additional rehearsing, talking with the staff about how to do this. the evolution has changed a little bit. he has been doing a lot of mock debates with ohio senator rob portman, thrs b
like you. thank you. >> woodruff: president obama faced an international audience today against the backdrop of a reelection campaign at home and anti-american violence abroad. the president took the stage at the unitedded nations urging the assembledded leaders to address the wave of anger across the muslimorld. >> the attacks of last two weeks are not simply an assault on america. they're also an assault on the very ideals upon which the united nations was founded. if we are serious about these ideals, we must speak honestly about the deeper causes of the crisis. because we face a choice between the forces that would drive us apart and the hopes that we hold in common. >> woodruff: at least 50 people ve died in the violen. initially sparkd by an anti-islamic video. and u.s. ambassador chris stevens was killed in an assault on the u.s. consulate in benghazi, libya. the president condemned the video, but he insisted there is no justification for mindless violence. >> given the power of faith in our lives and the passion that religious differences can inflame, the strongest weapo
, that is a real flir and earlier in the campaign, the bu python was a concern for the obama team. a tweet from obama's press secretary ensured that residents knew the administration has banned import of the steak. now, you may laugh and there is some humor in this, but it is very, very serious for some. ticks and snakes. because these micro targeting campaigns can really move the needle. they're important to crucial voters in crucial states like florida and virginia. ben smith, david frum, former adviser to george w. bush and corey elons. great to see you. so, you know, david, i have to say, lyme disease with so many to joke about this, it's got to be there's some crucial core of lyme disease cases and this is something people care about. turns out loudon county, northern virginia, has one of the highest rates of lyme disease in the country. could this issue really resonate? >> resognates with me. i've had lyme disease. it's nasty. it also is a way for candidates to connect with real issues to real people. who feel that a lot of the issues we discuss are awfully abstract. i mean, benghazi and
, as mitt romney prepares to debate president obama in the presidential debate, and give advice on what undecided voters want to hear. and tough questions for the republican challenger. and for the president, is the mainstream media tipping the scales toward the left? pat buchanan speaks out. plus, corruption, crime, chaos, documentary phil make -- film maker says it's business as usual at the united nations. >> ladies and gentlemen, governor mike huckabee. [applause] >> hello, everybody, thank you. great group of folks we have here and welcome to huckabee from the fox news studios in new york city. all right, last week on this show, i told you that your government had lied to you about the attacks in egypt and libya when they claimed they were just acts of a spontaneous mob in reaction it a youtube video. i said then and i repeat now, i normally would not have used such strong language and made such a bold declaration, but the continuing revelations confirmed that my statement was not an exaggeration. our government had lied to us, and they did it knowingly. our ambassador to libya is
show weill hear from president obama. he will step to the stage in front of the podium at the united nations general assembly. that will happen at 10:00 eastern. big moment for the president because critics have been saying he should have been more focused on the dramatic events that have been unfolding including the murder of four americans at our consulate in libya. governor romney hitting the president on the campaign trail for referring to the turmoil going on there as bumps in the road. >> there are extraordinary events going on in the middle east. considering those events either one of them or all of them collectively as bumps in the road shows a person who has very different perspective about world affairs than the perspective i have. i think this is time for america to exert leadership. this is not something we're doing in the middle east. frankly the course we're on domestically left so many people behind. i think we have to take a very different course than the course that has been followed last four years. bill: we're going to take this course. team fox cover
quarter on stocks have some thinking that president obama is a "bye." if market pundits are right, mitt romney shut be scare the because a reliable barometer just turned bad for him. stocks closing out the trading month up and the latest quarter up a lot more. the dow, despite today's soft performance, surging 2 percent this month, almost double that in the last three months. stronger quarterly gains for the s&p 500 and nasdaq which means in an election year, good for the incumbent almost every election year. 39 days out, does that mean that the president is in? our market watcher says no, not when you factor the recent state of bad economic numbers. or the scores of major u.s. companies throwing workers out. larry, which is the more dominant theme? >>guest: just to illustrate that point, look no further than a country like greece on the verge of a depression, 25 percent unemployment, civil unrest, yet their stock market is up almost as much as our stock market. it shows you how disconnected main street has become from wall street in this committee. the reason for that is because of unp
defense this weekend by senior obama cam main advisor. >> i was shocked to see representative king attack ambassador rice because she was acting on the intelligence given her to the intelligence community. to say she should resign, she is one of the most remarkable splendid public servants that is thoroughly irresponsible. >> reporter: two final observations about axelrod's comments. number one, susan rice went way beyond the assessment here given by the director of national intelligence and number two, what we're going to pursue today is the timing. when the director of national intelligence, that office, changed its assessment to terrorism. was it before the statements of susan rise on the 16th, or was it sometime afterwards, gregg? gregg: catherine, jenna. jenna: i want to ask you a quick question because we're following the libya story throughout the day. as you said so many questions remain. a story occurred this weekend. i want to ask you about this because of your experienced reporting at guantanamo bay. the youngest prisoner there was released to canada and it was done very quietl
. it doesn't necessarily mean anything. i am wondering if what this is saying for president obama is that people are going to look at their financial statements, if they are lucky enough to have accounts and they are up, or they will look at their home values if they are lucky enough to have a home going up in value and they feel, on paper, some of this wealth affect we hear about. you dismiss that? >>guest: well, it is a good point that perhaps what this is telling us is that bernanke at the federal reserve is throwing the kitchen sink at this to stimulate it through the economy, through the election, and stimulate us through the fiscal cliff which could lead to asession down the line. the question is, are investors going to look at main street data and see the weakness which business owners see each day or will it look at the 401(k) state? the short run the 401(k) sames are powerful. in the long run, the economic data is reality. we know that the federal reserve alone cannot solve the world's problems. you have to have harmony in washington, you have to have uni in washington an
. it is about 3.5 years of negotiations between the obama white house and the republicans in congress and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they're going to have to go back and authorized congress for more trillions of dollars of borrowing. the republicans and lots of people in congress don't want to authorize that. so there is going to be a bloody negotiation, unless they can work a deal. in a sense, this is a book about the past, but it's about the present. it is about where we are going and what the country's future is. if you think about it i would argu
giuliani was blasting president obama for not taking stronger action against iran. former mayor rudy giuliani joins me ahead. "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal info to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive entity theft protection, period. ordinary credit monitoring services may take 30 days to alert you. lifelock's 24/7 proactive protection would have alerted tom as soon as they noticed an attack within their network, before it was t
politics polling average now has obama up 4.1 points over mitt romney in national poles. nate silver's prediction model put barack obama's odds of winning the election above 80% for the first time ever. swing state polling just this week seems to confirm the trend. a new quinnipiac "new york times" cbs poll shows surprisingly strong leads for the president. the galup tracking poll shows obama up six points. it's pretty hard to survey the polling data and not come to the conclusion that barack obama is beating mitt romney, that if the election were held today barack obama would win and that romney has a relatively steep though certainly not insurmountable uphill climb to victory. that is if you operate in the alternate epi stem mick universe of the media. >> that begs the question, are these polls dishonest? >> no. look, we endo you them with a falls scientific precision. >> these polls, i don't pay attention to them. >> polling is very good at saying how you're going to vote. it's very bad at saying who's going to vote. >> these two polls today are designed to convince everybody this
ahmadinejad called for a new world order. as he was speaking rudy giuliani was blasting president obama for not taking stronger action against iran. former mayor rnl religion joins me ahead. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief... try thermacare. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. through mercedes-benz sleep train's inveis ending soon. sale save 10%, 20%, even 35% on a huge selection of simmons and sealy cle
listen to a remark from the congressional black caucus dinner from first lady,my will show obama, on this issue of voter intimidation. >> we can not let anyone discourage us from casting our ballots. we can not let anyone make us feel unwelcome in the voting booth. it is up to us to make sure that in every election, every voice is heard and every vote is counted. that means making sure laws preserve that right. it means monitoring the polls to ensure every eligible voter can exercise that right. olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? or double miles on every purchase, every day! every room deserves to look us what our great.te color is? and every fo
-span 2. >> first lady michelle obama was in wisconsin friday at this campaign stop in appleton. this was her second visit to wisconsin in a little more than a month. it's half an hour. [cheers] >> thank you so much! yes, i'm very excited to be with you all today. i want to start by thanking eli for that very kind introduction for everything he's doing for this campaign. i want to thank a couple of -- one more person as well. i want to recognize former senator russ feingold. [cheers] thank you for everything you've done for this state and everything that he's doing for the campaign here in wisconsin. and most of all, i want to thank all of you, especially all the students here at lawrence university. thanks for being here. yes! yes! now, you all seem pretty fired up and ready to go. [cheers] and that's great because i'm feeling pretty fired up and ready to go myself. yes indeed. you know, the wonderful thing about coming out into the country, coming and doing rallies, speaking to you guys is that i get to do one of my favorite things -- i get to talk about the man i have loved a
this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of course in t
cannot afford them a more years of brought the bomb. >> wednesday, president obama and mitt romney meet in their first presidential debate. watch and engage with c-span. post debate, your reaction, calls, e-mails, and tweets. >> not a debate between former wisconsin governor tommy thompson and u.s. rep tammy baldwin. this debate is hosted by the wisconsin broadcasters association. the cook political report raised his race a tossup. this is one hour. >> good evening. radio and television broadcasters are pleased to continue our public affairs broadcasts tradition began in 1990 sponsoring debates in major political campaigns. the debate will be broadcast over 80 wisconsin television stations. this evening's debate will engage the two leading candidates in their first face- to-face debate. former wisconsin governor tommy thompson and second district congresswoman tammy baldwin. this debate is made possible by generous grants from wisconsin aarprsities and wisconsin. >> good evening, everyone. these are my friends. >> our universities and students are pleased to sponsor this debate between
, that is the foundation for balancing our budget. it is way too easy to demagogue this. i have listened to obama and romney who have both demagogued and misrepresented the facts. i do not regard people getting government benefits as moochers. if we do not address it, it will not be long before we are greece. >> the government has to honor its commitments. we need to honor commitments we made our seniors, and that is why i say, let me be clear, no one over the age of 40 should see their benefits cut or their taxes increase. promises were made by government and promises need to be kept. we need to make sure that all happens, and i believe there is bipartisan support to do that. nobody is going to watch social security fail. >> the promises were made to secure the votes of people over 65. since world war ii we have been doing it. it is a $60 trillion unfunded liability, and are we going to solve the problem? will we ignore it? and if we ignore it, god help the united states of america. >> recently at the national convention, republicans called for a constitutional amendment banning all abortions wi
dominated the internet and front pages of newspapers all across the country. >> even president obama is voicing his opinion on that call that decided monday's game saying it was, quote, terrible. so what will it take to get the real referees back on the field? what are the issues that led to the lockout in the first place, and who will blink first? we're going to talk about this in just a couple of minutes with this guy sitting right here, bob costas of nbc sports. >> matt, some people are so upset they are now making videos to express their frustration. take a look. ♪ i just met you ♪ that play was crazy ♪ what's his number, i'll call, it maybe ♪ ♪ it's hard to call right every replay ♪ ♪ what's his number, i'll call it may be ♪ >> spawning creativity so we'll have more on that part of the story, too. >> points out the fact that they have to do something quickly. >>> then a woman who makes it halloween every single day. wears a different costume at work each day and has done it for three years and counting. this morning she's known as dressy jessie gotten dolled up f
of president obama? >> translator: i would have been happier to see a transparent trial, a formal trial, and find out the root causes of all of the events of the last few years. >> you have been reported as saying that you believe it is possible that the american government were partly responsible for the events of 9/11. that caused a huge outrage. do you stand by that position? >> translator: of course the whole stake inside the united states showed that over 75% of the united states population are still somewhat nebulous about the real reasons of that event of those events. what i said were a number of questions. an event has occurred. due to that, two countries have been occupied. and the conflict still continues. every day hundreds of people in afghanistan, pakistan and iraq are killed. would it not have been better to have a more precise analysis and find out the true in-depth reason of the events of september 11th, make those findings transparent to the populations and the nations across the world, and then have a response in unison? of course the expense would have been much less
obama as to how to prevent the need for a strike on iran. obama's strategy seems to be based on some sort of wishful thinking, whereas netanyahu's is kind of more built upon historical context and what has prochb to proven to be a success in the past. the only time we've ever seen iran suspend their nuclear program was back in 2003 when the threat of credible military action was real. what netanyahu is coming out and saying today is we better make that real. otherwise, you know, it's going to hit us where we least expect it. >> so, john, what do you think an israeli strike on iran would do to the price of oil and the markets? i mean, obviously this has much broader implications for the world and people's lives, but taking a look at the oil markets, how destabilizing would that be? >> you know, it will depend, maria, on what the strike looks like, to be straight here. a pinprick type of operation like they did in syria and iraq years ago would certainly spike the price of oil. you're going to go right to that 2008 $150 high. maybe even higher. but do we stay there? that's the question
. >>> still to come this morning on squawk, president obama, mitt romney and their respective campaign staffers hitting the airwaves. we'll have some of the highlights. and in the next hour, we have two of the world's most renowned scholars in the field of energy. why they argue that the situation in iran could be a game changer for crude prices. meantime, iranian hackers are have said to have attacked jpmorgan and citigroup. we'll talk cyber security. and ask reputation.com's michael fertik is the nation's banking system is at risk. ffrs . >>> tomorrow on "squawk box," an hour with our guest host barry diller who ran pariramount and fox. we'll talk politics with jeb bush. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> last night both mitt romney and president obama were on "60 minutes" and this was a chance to see both of the candidates. it was a very interesting way of watching about it, among the topics th
they want macaroni and cheese. i don't know mrs. obama well left and say if she is -- she was surprisingly kind of reserved and quiet and tumble. ito laura bush a good deal better. the which travel to the middle east -- we traveled to the middle east. at laura bush is exactly what you think she is. she is lightly guarded but she has a sense of humor. i am not sure that that is something that people know. humor is very tricky because it is found in a reverence and as a first lady, you have to watch yourself carefully. but she is very funny and i will tell you a quick anecdote. we were looking at family pictures, and there are almost no indicators that a former president of the united states lived in this house. it is not like here is president bush in his flight suit. there is one picture, the what of all the president's in the office. i said to her, and you miss the white house? gigots -- she goes -- are you kidding me? >> for me, having not just about first ladies, but they all have potential first ladies. the stories that always tend to stick with me had to be that it is much harder for
obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? we're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> it is time! it's time for the "lightning round." are you ready? start the lightning round. going to start with cory in arkansas. cory? >> caller: hey, orange county, but close enough. longtime listener, first time caller. >> okay. >> caller: i'm interested in taking a long position in tsla. >> too dicey. too dicey. no, no, no. this is just a very overvalued stock. i'm not going to recommend it. let's go to
jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> as the cloud peaked? even though everything related to the personal computers, still have a couple of themes going. last night rht open source softwa software company reported that many analysts were disappointing. billings came in light rising 15% every year. and management had to reduce the four year revenue. when you look at it like that. you can understand why the stock got hit today. 4.28%. it was a down day here. it doesn't look like anything is wrong with it. whe
the country. >> even president obama is voicing his opinion on the call that decided monday's game saying it was "terrible." what will it take to get the real referees back on the field? one of the issues that led to the lockout in the first place and who will blink first. we're going to talk about this in just a couple of minutes with this guy sitting right here, bob castas of nbc sports. >> people are now making videos to express their frustration. ♪ i just met you it was crazy what's his number i'll call it maybe it's hard to call right never replay what's his number i'll call it maybe ♪ >> okay on the plus side it's spawning some creativity. all right. we'll have a little bit more on that part of the story too. >> it just points out the fact they have to do something quickly. >>> a woman who makes it halloween every single day. she wears a different costume at work each day, and she's done it for three years and counting. this morning, well, she's known as dressy jesse. she's gotten dolled up for us in an nbc page's uniform, much to the chagrin of our real nbc page. more on that c
a lot. >>> the united general assembly's 67th session opens today with president obama getting ready to take the stage at any moment. conflict in the middle east will be one of the key topics of his speech. we are at the white house and joined with a quick preview. >> reporter: two main subjects on the aden gentleman going to the yutss today. we are going to talk about the violence in the muslim streets that culminated into the american ambassador to libya. and he'll talk about the nuke lower armed iran. i was going to say there are no words for the innocence of the killing we have seen. there's also no video to justify an attack on an embassy. there's no slander that provides an excuse for people to burn a restaurant in lebanon or destroi a cool in tune this -- he does not think that the united states can live with the nuclear armed iran. carl, one point to think about as we think about the president's remarks here, he's been under fire f, and the obam camp is making an important issue, obama is clearly walking a tightrope today and doesn't want to threat up his re-election chances.
on the dow industrials. >>> will republicans give in on tax hikes if president obama wins re-election? our guest next says yes, and he's a republic. tom cole will explain why he thinks the norver tax pledge will be out the window. >>> only apple could sell 5 million new apple iphones and disappoint investors. [ male announcer ] this is anna, her long day teaching the perfect swing begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call
if it was president obama gets re-elected, then at the high end you'll see the bush tax cuts not extended for the high end. and then -- but if romney wins it, you would see them all extended. is there one that would have a better outcome in your view? >> you know, i think there's a -- there's a tension between two different things here. on the one hand, there's a sense that in the very near term with a weak overall economic performance continuing that raising levels of taxes wherever in the distribution may have some negative effects on economic growth. and then there's a harder long-term question, frankly, which is how tax rates on capital gains, on dividends which feed through a somewhat complicated channel by encouraging various kinds of saving activity and ultimately lowering the cost of capital to businesses and encouraging investment, how that translates into long-term economic growth. that is frankly a difficult chain to try to measure in any precise way, and consequently it's harder to be able to trace through the quantitative impacts on growth to follow through on channels for that. >> to fol
with political views >> i have mr. obama sitting here. >> reporter: what did you think of clint eastwood at the republican convention? >> i thought he was kind of cute. but i was distressed that his age was really betrayed by his performance. i don't want the public to see that frailty. i don't have it yet. when i do i'm sure there will be people like ed asner to tell me. >> reporter: no one is telling asner anything yet. do you ever feel like you're a really young person trapped in an older body? >> i am, i am, i am. they won't believe me. they wouldn't believe me. (humming) >> reporter: but you better believe it. ed asner is more than ready to take on the intense work of live theater. i just think a lot of people as successful as you are, they wouldn't put themselves through this out there every night >> well then they don't love acting. i love acting. >> osgood: next, actress elizabeth banks. chicken broccoli alfredo. bring out or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. with less chronic osteoarthri
. president obama and his republican challenger mitt romney are spending the weekend preparing for the first presidential debate. the candidates face off in denver wednesday night. some 60 million of us are expected to watch the debate on television. there is a new entry on the national register of historic places. a pet cemetery in sub urban new york. the hartsdale pet cemetery founded in 1896 was the final resting place for 75,000 pets and 700 pet owners. now for the day's weather. it will be raining cats and dogs in the south with scattered showers in the northeast. out west the heat is still on. there are no october surprises in the week ahead. milder autumn weather prevails pretty much all over. next, high tech. high risk. and later... >> your name is so familiar. oh, stop hugging me. reporter: rit a ...club...things... ...kept sending me coupons for cat food. i'm just not a coupon clipper. i buy what i want to buy. can i get a reward for that? [ frank ] introducing something extra from raley's, bel air, and nob hill. you get something extra rewards... ...for the way i shop... for buyin
. something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick joins us live with the very latest. steve. >> reporter: yeah, thanks very much, indeed. we just heard literally in the last 20 minutes or so that the press conference, the announcement about this austerity that we've been waiting for all day will now get the conference in around about an hour's time. so all should be revealed about what rajoy intends to do. in the next stage of austerity. because i think the next stage because there's already been at least four bouts of austerity from this government since it came in in december last year. the last was a 2012 budget which we got 64 billion euros worth of austerity
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
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